Neo Valve Company Ltd.

Hubli

DECLARATION I, Mr. Vijay kalabhavi student of BB III semester, !L" so#iety$s Colle%e of Business dministration, Hubli thank my institution for %ivin% me an opportunity to under%o my proje#t &ork. I had been for my proje#t at N"' V LV"( L)*, H+BLI. I hereby affirm that this ,eport on -Organization study. has been undertaken by me durin% the said period as a part of my a#ademi# #urri#ulum. I further de#lare that this report of my o&n efforts and has not been submitted earlier to any other #olle%e for any other de%ree.

/L C"0 H+BLI * )"0 123425346 B7 Mr. Vijay kalbhavi 8 9

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Neo Valve Company Ltd. Hubli

AKNOWLEDGEMENT )he satisfa#tion and euphoria a##ompanies the su##essful #ompletion of any task &ould be in#omplete &ithout the mention of the people &ho made it possible, &hose #onstant %uidelines, support and en#oura%ement #ro&n all the su##ess. I sin#erely e:tend my thanks to Mr. S.G patil Vi#e /resident 8H,*9, V,L ;,'+/, Hubli for his %uidan#e and monitorin% to make this proje#t a %reat su##ess. I thank our prin#ipal pro . Anand Waddin and all the professors &ho sho&ed keen interest in %ivin% their valuable %uidan#e and #onstant en#oura%ement durin% the proje#t &ork. I take this opportunity to e:press my profound %ratitude to our pro . Anus!r"" Kini, !.L."$s Colle%e of business administration, &ho has al&ays been a #onstant sour#e of inspiration to me &ith his innovative ideas and %uide me throu%h out of my proje#t &ork. Last but not least I am very %rateful to my non<tea#hin% staff, parents and friends for their #o<operation and invariable support.

Vijay !alabhavi

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Neo Valve Company Ltd. Hubli

Ind"#

(l.No 4 5 6 ? = > 1 C A 43 44 45 46 4? 4= 4> 41 4C

/arti#ular Industrial /rofile History of the Company Company /rofile Company nalysis 'r%ani@ation stru#ture Buality mana%ement system (D') analysis of the Company *epartmental nalysis Dorkin% Instru#tion of the Company *ifferent )ypes of Valves (D') nalysis of all *epartment (our#es of *ata Balan#e (heet E /rofit E loss 2# Learnin% ":perien#e #kno&led%ement nne:ure Findin%s ,e#ommendation

/a%e No 5<= ><43 44<4? 4= 4><4A 53<5C 5A<65 66<6C 6A<?5 ?6<=? ==<>5 >6 >?<>C >A<13 14 15 1= 1>

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Neo Valve Company Ltd. Hubli

IND$STR% &RO'ILE(

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Neo Valve Company Ltd. Hubli

S")tor D"tails(

Neo Valves Industry &hi#h produ#es various types valves reGuired by national, international markets. Company is lo#ated in south India, karnatak at Hubli &hi#h is in north !arnataka$s industrial Hubli. )he Hubli #ity is kno&n for valves industry from this #ity valves are manufa#tured and supplied to national market like 'N;C, ,elian#e E /etroleum, M,/L, Cairn India, B/CL, H/CL, E all steel industry like )ata
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Neo Valve Company Ltd. Hubli

steel, Hindal steel, Mitt (teel, Bhadravati (teel /lant, and also to su%ar industry in #ountry and he is ho& #are industry also supplied to rab #ountries and &orld&ide petrol produ#in% #ountries so on and so far et#I.

Gro*t! Rat"(

In Hubli<*har&ad the industrial %ro&th rate is 4?J p.# in the karnatak state. )he industrial %ro&th rate &ill %o on smoothly for the ne:t 4= years.

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Neo Valve Company Ltd. Hubli

survey #ondu#ted by e#onomists has revealed that Hubli has a #limate &hi#h is #ondu#tive to %ro&th of industriesK this has led to it re%isterin% an industrial %ro&th rate of 4? per#ent.

E#isting Co+p"tition(
)here are many valves #ompanies are there in Hubli. Dhi#h manufa#ture the valves.
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Neo Valve Company Ltd. Hubli

)he follo&in% are the Valves Manufa#turin% Company0 4. Mi#ro Finish Valves /vt. Ltd. 5. M.!.) Valves /vt. Ltd. 6. )e#h Flo& Valves 8India9 /vt. Ltd. ?. Ha&a Valves India /vt. Ltd. =. (ai Valves Industry. >. 7esbee Valves /vt. Ltd. 1. )e#hno Me#h Valves /vt. Ltd C. )e#h Flo& Valves. A. Vee )e#h Valves /vt. Ltd.

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,ISTOR% O' T,E COM&AN%(

,istory o t!" 'ound"r(

(ri /rakashdev , Hiremath after #arryout of #olle%e thou%ht of startin% his o&n industry &ith intension to provide employment to people and also develop self and nation ;.*./ %ro&th. He thou%ht E studied the market of various reGuirements, he felt that valves industry it has appli#ations in any more field.

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Neo Valve Company Ltd. Hubli

Neo valves are /roprietorship Company started &ith youn% dynami# sri /.,.H. B". Me#h. "n%ineer. )he a%e of 56 years after his #ompletion of %raduation under%one trainin% in various valves industry for one year and started his o&n industry in the year 533?. &ork initially he started the proprietorship #ompany of neo valves %radually after t&o years he has floated ne& #ompany named vatar Industry in partnership &ay they are #aterin% the anto #omponent &orks and valves industry, also no& they have started &ith m.o.u for e:port oriented unit to be stared in bi% &ay &hi#h in their pipeline at neo valves unit5 and &ith re%istered marketin% offi#e at hubli and shortly openin% the bran#hes at /une, Bombay, Ban%alore and Baroda, (audi rabia and Malaysia. Dhere in &hi#h the first #ompany of sri /rakashdev , Hiremath re%ular no& 43<4= &orkers &ho have been trained I.).I and *iploma Me#h holder supervisors are &orks.

)he #ompany dra&in% and desi%n has been done by %raduate$s en%ineer &ho &orks on #ontra#t basis. )he a##ount and other establishment are looked by a##ount that has been trained in tally *urin% the year 533A the neo valves #ompany %ot I.(.' A333<533C from.

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Neo Valve Company Ltd. Hubli

,istory o Co+pany(
Neo valves industry is established in year 533=. s a small s#ale industry to desi%n manufa#turin% and supply of industrial valves and valve #omponents
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Neo Valve Company Ltd. Hubli

they &ere supplyin% valves parts to M2s Gua, M2s Ha&a valves, out of the above or%ani@ation M2( re#o%ni@ed as best suppler M2s neo valves throu%h their ratin% system and en#oura%ed as its asso#iate #ompanies and started full<fled%ed &ork from 5331 sin#e then unit is &orkin% only for aGua valves, unit is headed by Mr. /rakashdev Hiremath. +nit has &ell e:perien#ed, te#hni#ally Gualified and dedi#ated staff it has al&ays been rated very &ell by the #ustomers for its Guality timely delivery and improvements. No& M2s Neo Valves Industries has started one more unit in ;okul &ith ,CC up area of 5133 (G.Ft, and first floor heavily #onstru#ted to lay do&n ma#hineries. +nit is havin% 63hp po&er plus demand basis alon% &ith bore &ell fa#ilities.

(pare ma#hines are available0 4. )urnin% Centre 8 NIL9 5. Conventional Lathe 5 Nos 6. Conventional *rillin% Nos

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Neo Valve Company Ltd. Hubli

(uffi#ient measurin% eGuipments are available, ma#hines and eGuipments #an be planned a##ordin% to #ustomer reGuirements. Its bankers are (.B.I and supported the unit and have lot of #onfiden#e in the unit. +nit is observin% all finan#ial dis#ipline it has fulfilled all statutory reGuirement. Its a##essibility to airport, bus stand and rail&ay station is very easy and &ithin > to 4.= kms. /eriphery it has &ell established system to run a ma#hine shop &ith %ood sets of instruments. It has been al&ays rate above ACJ for its Guality and delivery.

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Neo Valve Company Ltd. Hubli

COM&AN% &RO'ILE

Co+pany Na+"(

N"o -al."s S"r.i)" To*ards /"tt"r 'utur"

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Neo Valve Company Ltd. Hubli

&ro il"(
-Neo Valves Believes in brin%in% to you a &ide ran%e of industrial valves to suit your spe#ifi# &orkin% #onditions. )hese valves are manufa#tured &ith the stron% in house desi%n fa#ility on &ell. "Guipped ,esear#h and development fa#ilities &ith Guality ra& materials %ood Guality foundry
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support for ra& materials havin% skilled &orkmanship under strai%ht Guality pro#ess.. N"o -al."s is an I.S.O 0112(3114 C"rti i"d Co+pany.

W!y N"o5-al."s6
"ner%eti#, *ynami#, Customer 'riented, Clear vision operational poli#y, profit sharin% Guality assuran#e satisfy #ustomer needs, e#onomi# durable and safe our o&n brand Neo Guality assuran#e is fully implemented, every valve is fully inspe#ted and simple the #astin%s by /.I testy freGuently. "very valve is ta%%ed &ith a name plate &hi#h #an be used for tra#kin% the ma#hinin%, assembly and pressure, test re#ords, every lot of shipment is a##ompanied &ith mill #ertifi#ates and pressure. )est report to the end users. dditional follo& up &ork like mentainena#e &ill be provided after the sales of the produ#t.

De spe#iali@e on desi%nin% neo valves to suit the #lient needs and e:pe#tation. De also have the spe#ialists to do the maintenan#e &ork.

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De are the Gualified #ompany for supplyin% valves to BMMI(/ ), (teel plant, (u%ar industry and Heat e:#han%ers et#I.

7uality &oli)i"s (

-De at neo valves are #ommitted to desi%n manufa#ture and supply the industrial valve. De a#hieve this by involvin% the people of various %roups in the neo valves to deliver Guality valves and up%rade our te#hnolo%y buy maintainin% effe#tive Guality mana%ement system throu%h #ontinual improvement..

T"sting a)ility(
-)he neo valves Guality #ontrol laboratory is eGuipped &ith testin% fa#ility for desi%n Gualifi#ation and routine tests reGuired by national 2 international standards for testin% of valves..

Co+pany Analysis( -ision (

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Believes in brin%in% a &ide ran%e of industrial valves to spe#ifi# &orkin% #onditions.

Mission (
)he valves are manufa#tured &ith the stron% desi%n ba#k%round out of Guality ram materials and skilled &orkmanships under strin%ent Guality #ontrol pro#ess

Goals and O89")ti." (

4. )o a#hieve #ustomer satisfa#tion to the hi%hest level 5. )o impart ne#essary trainin%s to employees to perform their tasks effe#tively and build team #ulture. 6. )o introdu#e improved methods in pro#ess, to redu#e non #onformities. ?. )o maintain #lean, safe and hy%ieni# environment throu%h team &ork.

&ro+ot"r o t!" Co+pany( /roprietorship /rakashdev

Hiremath.

S!ar" !olding patt"rn(

Fully '&nership.

Organizational stru)tur": !i"rar)!y;s(

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Neo Valve Company Ltd. Hubli

,i"rar)!y propri"tor

A))ountant Tally

E+ploy"" o I.T.I Train

*ra&in% E *esi%n

)e#hni#al (upervisor

(ales )a:

In#ome )a:

Nu+8"r o "+ploy""s *or<ing(5 4= Members

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Neo Valve Company Ltd. Hubli

Classi i)ation o "+ploy""s( 5

;raduates.

I.).I, *iploma holders, B."

Siz" o Land = /uilding( 5

==33sG.ft Built up area.

/ran)!"s:plants(<
a. vatar Industry 8partnership90 =333sG.ft built up area. b. Neo +nit 50 44333 (G. Feet built up area.

Capital stru)tur" (
4. land and buildin% L 5=,33,333 5. Ma#hinery 6. < 45,33,333 vatar Industry L 63,33,333 4. Ma#hinery L 43,33,333 ?. Neo +nit 0< 4. Land and buildin% <63,33,333 5. Ma#hinery < yet pur#hase

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&rodu)t produ)"d(5 4. Neo<Valves 5. vatar Industry valves E

uto Components E ;eneral "n%ineerin%.

Mar<"t S!ar"(5 It does not apply.

Sal"s &ro it O."r > ? @ %"ars p"riod(5

4. In the year 533> L 5331 M >,33,333 5. In the year 5331 L 533C M 53,33,333 6. In the year 533C L 533A M 63,33,333 ?. In the year 533A L 5343 M ?3,33,333

Top Manag"+"nt (5
)he top mana%ement level is does not apply to the Neo Valves Industry be#ause of the Neo Valves Industry is a proprietorship industry.

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Custo+"r pro il"(5

Hindal steel, B.M "sapath, ,adiant "n%ineer /une8health #are supply9 united heat e:#han%er 8Nasik9, Haimini Valves /une, (u%ar Industries like Nandi (u%ar Indries Bijapur, Mudhol (u%ar Mudhol, Beela%i (u%ar Beela%i, Malaprabha (u%ars M.!.Hubli, (ommes&ar (u%ars Bilahon%al, ,enuka (u%ars Munavalli.

Suppli"r o ra* +at"rial spar"s "t)( 5 Castin% from Bel%aum,

Ma#hinery from Chandi%ad, Bellary, (hivamo%a, Baroda, and ,ajkot.

/an<"r and 'inan)ial Institution(5 (tate Bank of India ;okul

"state Industrial rea Hubli.

Transports( 5 (harma transport for all delivery of %oods. D"al"rs = Ag"nts Criti)al a)tors( 5 *ealers net&ork has been
formed in Hospet, Ban%alore, /une and Man%alore.

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7$ALIT% MANAGEMENT S%STEM(5

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Neo Valve Company Ltd. Hubli

&urpos"
)o establish a do#umented Guality mana%ement system, to implement it as per the identified do#umented stru#ture and to maintain it and ensure improvement in its effe#tiveness in the #ore pro#esses and all other pro#esses of provision of valve manufa#ture at Neo<Valve in a##ordan#e &ith the reGuirements of I.(.' A3340533C.

G"n"ral R"Auir"+"nts (5
4. *eterminin% the pro#esses needed for the Guality mana%ement system and determinin% the seGuen#e and intera#tion of these pro#esses, 5. *etermine the #riteria and methods needed to ensure the effe#tiveness of operation and #ontrol of these pro#esses. 6. "nsurin% the availability of information and by makin% information available to support the operation and monitorin% of pro#esses. ?. By implementin% a#tions ne#essary to a#hieve planned results and #ontinual improvement of these pro#esses. =. )hese pro#esses are mana%ed as per the reGuirements of the standard.

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Do)u+"ntation R"Auir"+"nt (5
4. *o#umented statements of Guality poli#y and Guality obje#tives. 5. Buality system pro#edures 8do#umented pro#edures as per reGuirement of I.(.' A3340533C9. 6. *o#uments needed by the Neo Valves to ensure the effe#tive plannin%, operation and #ontrol of its pro#esses.

Co++uni)ation (5
Int"rnal Co++uni)ation ( Channels of #ommuni#ation at relevant fun#tions and levels of the Neo Valves have boon established in#ludin% the nature and #ontent. )he #hannel of internal #ommuni#ation in#ludes0< Communi#ation durin% implementation of #ustomer related pro#esses and servi#e reali@ation pro#esses are defined in the appli#able pro#ess. Cir#ular, *isplays in noti#e boards, a&areness pro%rams, and su%%estions from employees, #ustomer #omplaints.

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E#t"rnal )o++uni)ation B )he #ommuni#ation &ith the #ustomer is only throu%h a sin%le &indo&. Communi#ation su#h as a ne& servi#e development, Guality reGuirements and #ustomer #omplaints.

&rodu)t &lanning r"alizationB5

Dhile plannin% the pro#esses for reali@ation, Neo Valves ensures that it is #onsistent &ith the other reGuirements of the Guality mana%ement system and determines the follo&in% as appropriate0 4. Buality obje#tives and reGuirements for the produ#t. 5. )he need to establish pro#esses do#umentation and provide resour#es spe#ifi# to the proje#t. 6. Verifi#ation, validation, monitorin%, inspe#tion and test a#tivities and the #riteria for a##eptability. ?. ,e#ords those are ne#essary to provide eviden#e that the reali@ation pro#esses and resultin% produ#t fulfill reGuirements.

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D"sign and d"."lop+"nt (

)he Neo Valves &ill established pro#edure for desi%n and development plannin% and &here appropriate in#ludes follo&in% 4. Identifi#ation, s#ope, and obje#tives. 5. (eGuential and parallel &ork instru#tion. 6. )imin%, freGuen#y and nature of desi%n verifi#ation and validation a#tivities. ?. "valuation of the safety, performan#e and dependability in#orporated in the valve desi%n assi%nment of reasonability. =. *esi%n and development plan should be in#orporated &ith any other plan and verifi#ation pro#edure related to the produ#t and plans should be updated as ne#essary.

&ur)!asing in or+ation (5
/ur#hasin% a#tivity is appli#able for the ra& materials E #onsumables. Instead of pur#hase order, pur#hase #ontra#t &ill be made for all suppliers, pur#hase 2sto#k re%ister is maintained &here in it is #learly mentioned the reGuirement and #ommuni#ated orally or personally %o to the supplier and pro#ure the reGuired #onsumables.

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Ho&ever, &herever appli#able, the follo&in% are ensured before pur#hasin%K 4. ,eGuirements for approval of produ#t, pro#edures, pro#esses and eGuipments. 5. ,eGuirement for Gualifi#ation of personnel. 6. Buality mana%ement system reGuirements.

-"ri i)ation o pur)!as"d produ)t (

)he Neo Valves &ill establish and implement the inspe#tion and other a#tivities ne#essary for ensurin% that pur#hased produ#t meets the spe#ified pur#hase reGuirements. Dhere the Neo Valves or #ustomer proposes to perform verifi#ation at the supplier$s premises, the Neo Valves &ill make ne#essary arran%ements for intended verifi#ation and method of produ#t release in the pur#hasin% information. )he pur#hasin% a#tivities is #arried out as defined in the pro#edure for pur#hasin%, outsour#in%, sele#tion, evaluation and ratin% of supplier defined belo& the re#ords related to this are maintained as per pro#edure for #ontrol.

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&ro)"dur"(
("L"C)I'N, "V L+ )I'N E ,"< "V L+ )I'N 'F (+//LI",(0 4. ll the e:istin% suppliers are #onsidered as approved suppliers as on 35.3?.533A based on the Guality and delivery of the fast supplies. /roprietor maintains the list of approved suppliers. 5. 6. re plans for implementin% the desi%n te#hni#ally feasibleN re the results of model or prototype testin% #onsideredN

,andling (5
Material &ill be handled by manual method usin% trolley.

&a)<aging (<
/a#ka%in% is not appli#able for the Neo Valves supplier$s items. /a#ka%in% &ill done as per the #ontra#t revie& reGuirement. If any spe#ifi# pa#ka%in% reGuirement is re#eived from the #ustomer, it is ensured by produ#tion.

Storag" : &r"s"r.ation (
In L #har%e produ#tion ensures preservation of the produ#ts at the in#omin% sta%e, durin% manufa#turin% and stora%e.

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D"li."ry (5
/rodu#tion 2 proprietor &ill re#eive the intimation from #ustomer. )hrou%h daily #o<ordination meetin% by phone. *ispat#h details shall maintain. Based on the s#hedule, lo%isti# &ill prepare the do#uments and arran%e for delivery to the #ustomer throu%h #ustomer spe#ified transport.

Control o Monitoring and +"asuring "Auip+"nt(5

Neo Valves determines the monitorin% and measurement to be undertaken and the monitorin% and measurin% eGuipments needed to provide eviden#e of #onformity of produ#t to determined reGuirements. Neo valves establish pro#esses to ensure that monitorin% E measurement is #arried out in a manner that is #onsistent &ith the monitorin% and measurement reGuirements. Dhere appli#able, measurin% and monitorin% eGuipment$s &ill. Be #alibrated or verified intervals, prior to use, a%ainst Be safe%uarded from adjustments that &ould invalidate the measurement standards.

#alibration.

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Be identified to enable the #alibration status to be determined. /rote#ted from dama%e and deterioration durin% handlin%,

maintenan#e and stora%e. Neo Vales also assess and re#ords the validity of previous measurin% results &hen the eGuipment$s is not found not to #onform to the reGuirements. Neo Valves &ill take ne#essary a#tion on the eGuipment and the produ#t affe#ted if any.

Control of monitorin% and measurin% eGuipment$s is detailed as belo&. /roprietor identifies the need for ne& instrument based on Guality plannin%. In#reased produ#tion &hi#h demands additional eGuipment$s. Dear out2 dama%es of the e:istin% eGuipment$s. B in #har%e maintains list of measurin% eGuipment$s.

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SWOT ANAL%SIS O' T,E COM&AN%B

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Str"ngt!s(
2. Good t")!ni)al sta s (5 )he staff of the Neo Valves Company is %ood and &ell trained and edu#ated employees are &orkin% in the #ompany. 3. A))ura)y and ast *or<ing (5 )he &orkin% #ondition of the #ompany is very fast and a##ura#y be#ause the &ell trained &orkers are &orkin% in the Neo Valves Company so the &orkin% is fast and a##ura#y. >. To r"du)" )ostC )usto+"r satis a)tion (5 )he redu#in% the #osts on produ#t to make satisfa#tion to the #ustomer are the one of the stren%th of the neo valves #ompany. D. E#p"ri"n)"d *or<"rs (5 In Neo Valves Company sele#t the e:perien#ed &orkers to &ork in the #ompany and it &ill helps to develop the produ#ts. @. 7uality is appr")iat"d 8y t!" )li"nts (5 )he Guality of the produ#t is %ood and the #ustomers or #lients appre#iated the Guality of produ#ts of the neo valves #ompany.

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W"a<n"ss(
No )ant""n a)ility(5 It is one of the &eakness of the neo valves #ompany. No #anteen fa#ility is there in #ompany.

Opportuniti"s(5
To <""p t!"ir "+ploy""s !appy and satis i"d(5 )he neo valve #ompany &ill al&ays try to keep its employees happy and satisfa#tion and the #ompany &ill provide all the fa#ilities to satisfy its employees. S")urity and sa "ty +"asur"s 8y t!" )o+pany(5 )he #ompany &ill maintain the se#urity and safety to&ards its produ#ts and employees and #ustomers. Maintain good r"lations!ip *it! "."ryon" (5 )he #ompany &ill maintain the %ood relationship &ith its #ustomer, employees, &orkers, #lients and &ith all it &ill maintain the %ood relation. To )r"at" p"a)" ul "n.iron+"nt t!roug!out t!" )o+pany(5 )he #ompany main opportunity is to #reate the pea#eful environment throu%hout the #ompany.

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T!r"ats( 5
)o+p"tition in t"r+s o Auality and rat"( )he #ompetition is more there in terms of rate and Guality of the produ#ts be#ause already the many more e:istin% #ompanies are there in Hubli.

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DE&ARTMENTAL ANAL%SIS ( 5

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&rodu)tion d"part+"nt (5
4. /lant fa#ilities0 Valves. 5. )ype of manufa#turin% system0 ;lobe valves E butterfly valves. 6. %e type of eGuipment$s0 >months to 4 year. ?. *e%ree and role of automation0 it does not apply. =. /lant fa#ilities and utili@ation0 63 < 6=J. >. /rodu#tivity ratin%0 C= L A3J. 1. )ype of transportation0 by lorry.

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,u+an R"sour)"s D"part+"nt (5

4. H, strate%y of the Company 0

/roprietorship

)e#hni#ian

##ounts

(upervisor

B"2 *iploma *iploma2I.).I

)ally )rainin%

5. ,e#ruitment E a#tion pro#ess adopted 0 yes 6. )rainin% E development pro%ram0 I(' trainin% staff sends to trainin% ((I #enters for I(' for CNC up %radation of poli#y. ?. /romotion poli#ies 0 the promotion poli#ies are %iven on a merit bases

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=. Compensation poli#ies0 the #ompensation poli#ies are does not apply the all staffs members are #overed &ith insuran#e. >. ,e&ard0 to %ive the hi%h in#entives, %ive the bonus every year. 1. /unishment0 hair E fair, pink letter. C. "mpo&erment0 it does not apply to the #ompany.

'inan)" D"part+"nt(5
4. Finan#in% resour#es of the or%ani@ation0< the finan#in% resour#es of the or%ani@ation is o&n resour#es. 5. "Guity #ontribution0< the eGuity #ontribution in neo valves industry is self. 6. )otal borro&in%0 < the total borro&in% is from the (BI Bank 1lakhs for ma#hinery. ?. Net fi:ed assets0< =3,33,333. =. Current assets0< =3,33,333. >. Current liabilities0< the #urrent liabilities are taken throu%h the bank loans. 1. Information re%ardin% imports E overheads0 < the e:port li#ense has been avoided e:ports under pipeline. C. Net sales0 < 533A<5343 re#ession year 63,33,333 as per *e#ember 533A. A. ,a& materials used E produ#t mi:0 < #astin% from Maharashtra E !arnataka.

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6A

Neo Valve Company Ltd. Hubli

43.Inventory mana%ement system0 < it is follo&ed by the staff members. 44.Buality #ontrol0 < I(' A334<533C )+V Nord follo&s. 45.(afety pro%ram0< the safety pro%ram is done by the premises.

Mar<"ting D"part+"nt(5

Mar<"ting

N"o -al."s

A.atar Industry

N"o -i<as

Marketin% a%ents t /une, Ban%alore, Baroda E Bombay

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marketin% appointed su%ar industry Ban%alore, Bel%aum, Bijapur, /une

?3

Market 'ffi#e at Hubli

Neo Valve Company Ltd. Hubli

)he marketin% offi#e is #lassified into t&o types namely. 4. Indian Market0 < Hubli, /une, Ban%alore, Bombay. 5. Malaysia Market0 < !ualalampur, Malaysia. )he Neo valves industry is one of the manufa#turin% industries. Here manufa#turin% the valves. )he valves are manufa#tured &ith the stron% desi%n ba#k%round out of Guality ra& materials and skilled &orkman under strin%ent Guality #ontrol pro#ess.

WORKING INTROD$CTION O' T,E COM&AN%(5

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?4

Neo Valve Company Ltd. Hubli

Wor< Instru)tion(
ssembly &ork instru#tion of valves. 4. Colle#t the reGuired material. 5. !eep the area E parts #lean. 6. pply the rust preventive oil 543v appli#able area.

Fi: the stub to the body and ti%ht it. 4. Insert the seat to the body in seat area. 5. Insert the stem &asher to the stem. 6. Insert the stem in body and stem area then insert the stem &asher to stem and #he#k the vo#ations. ?. Insert the ball in stem slot and #he#k the rotations. =. Insert the body seat in body seat area.
!L"$( CB ?5

Neo Valve Company Ltd. Hubli

>. Insert the seat in tail pie#e. 1. Insert the tail pie#es in body and ti%ht the nuts. C. Insert the %land flan%es to the stem and ti%ht it. A. Hand over the valve to the testin% &ith all info.

Wor< instru)tion (
Ma)!in" Na+"( Drilling Ma)!in". 4. Che#k the drillin% ma#hine and surroundin% areas. 5. Che#k the lubri#ants of the ma#hine. 6. Che#k the drillin% fi:ture heather the holes are #orre#t or not. ?. Che#k the job &hether it is #orre#tly settin% in the drillin% fi:ture. =. Che#k the drive of the ma#hine. >. Che#k the drillin% holder &orkin% in %ood #ondition. 1. Che#k the drillin% spindle &hether it is &orkin% &ithout vibration or not. C. Che#k the drillin% bit in the relevant time.

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?6

Neo Valve Company Ltd. Hubli

A. If the drillin% bit is %ettin% over heat just dip the #ool hand and #ontinue the &ork. 43. fter #ompetition of all &ork on#e a%ain #lean the ma#hine. 44. l&ays %ive uniform feed &hile drillin% the job. 45. fter #leanin% the ma#hine put ti#k mark and si%nature in the ma#hine m maintenan#e #he#k the list. 46.Colle#t the ne#essary tools ji%s and fi:ture reGuired for the parti#ular job.

Wor< instru)tion (
Ma)!in" na+"( Lat!" 4. 5. 6. ?. =. !eep the ma#hine #lean and #arry out preventive maintaina#e as per the #he#k list. Colle#t the approved materials from the supervisor. Colle#t the instruments and dra&in%s. Che#k the #entre of the lathe ma#hine. Che#k the &ork pie#e is fully ti%htened before runnin% the ma#hine.

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??

Neo Valve Company Ltd. Hubli

>. 1. C. A. 43. 44. 45.

"nsure ,/M as per the sta%e dra&in%s and in pro#ess Guality plan before startin% the produ#tion. (tart the produ#tion as per the sta%e dra&in%. ;et the first part approval from the inspe#tor. Continue the produ#tion as per sta%e dra&in%. Clean the ma#hine after finishin% the produ#tion. ;et the last pie#e approval from the inspe#tor. fter #leanin% the ma#hine put ti#k and si%nature in the ma#hine maintaina#e #he#k list.

Di "r"nt Typ"s o -al."s (5

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?=

Neo Valve Company Ltd. Hubli

2E. 'ORGED /ALL -AL-E(5

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?>

Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is 43=. 5. )he si@e of the valve starts from O in#h, 4 in#h, 5 in#h et#I. 6. )his type of valves used insolvent e:tra#tion, 'il refinery plants. ?. )he si@e of the valve is identifyin% based on the flo& bore. =. Capa#ity of this valve is depends upon the #lasses.

3E.ANGLE GLO/E -AL-E(5

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?1

Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is DCV, ((63? and ((63>. 5. )he si@e of the valve starts from 53mm, O in#h, 4in#h, 5in#h, et#I. 6. )his type of valves used in fertili@er, petrol #hemi#al industries. ?. )he si@e of the valve is identifyin% based on the flo& bore. =. Customer made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation. >. Capa#ity is 63k% seat, 53k% #ell.

>E./$TTER'L% -AL-E ( 5

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?C

Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is DCM, ((63? et#. 5. )he si@e of the valves starts from 4in#h, 5in#h, =3mm et#.. 6. )his type of valves used in po&er, &ater treatment plants et#.. ?. )he si@e of the valve is identifyin% based on the flo& bore. =. Capa#ity of this valve is depends upon the #lasses. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

DE. /ALL -AL-E( 5

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?A

Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is ((64>, ((63?, DCM, C () I,'N et#. 5. )he si@e of the valves used starts from 4=mm, 4in#h, 5in#h et#I 6. )his type of valves used in pharma#euti#al and allied industries, paper mills et#I ?. )he si@e of the valve is identifyin% based on the flo& bore. =. )he #apa#ity of this valve is 53k% seat and 63k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation

@E.GLO/E -AL-E(5

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=3

Neo Valve Company Ltd. Hubli

4. )he material is used in this type of valve is DCV, ((63?, ((63> et#.. 5. )he si@e of the valves starts from 53mm, O in#h, 4in#h, 5in#h et#... 6. )his type of valves used in steel plants, food and bevera%e industries et#I ?. )he si@e of the valve is identifyin% based on the flo& bore and DFB. =. Capa#ity of this valve is 63k% seat E 53 k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

FE. WA'ER /ALL -AL-E(5

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=4

Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is Cast iron ((63>, ((64> et#I 5. )he si@e of the valve starts from 53mm, O in#h, ?3mm, 4in#h, et#I 6. )his type of valves used in (u%ar Fa#tories, Bre&eries et#.. ?. )he si@e of the valve identifyin% based on the flo& bore. =. Capa#ity of this valve is ( 4=3 63k% seat E 53k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

GE. NEEDLE -AL-E(5

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Neo Valve Company Ltd. Hubli

4. )he material used in this type of valve is DCV, ((63>, ((64? et#I 5. )he si@e of the valve starts from O in#h, 4in#h et#I 6. )his type of valves used in thermal fluid user, fuel oils et#I ?. )he si@e of the valve is identifyin% based on the flo& bore. =. Capa#ity of this valve is based on their #lasses like C33 #lasses, >33 #lasses. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

4E.SL$ICE GATE -AL-E(5

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Neo Valve Company Ltd. Hubli

4. )he material is used in this type of valve is DCV, ((63>, ((64> et#I 5. )he si@e of the valve starts from 425in#h, 4in#h, 5in#h and up to 533mm. 6. )his type of valve is identifyin% based on the flo& bore. ?. )his type of valves used in all normal liGuids and %ases steam et#I =. Capa#ity of this valve depends upon the #lasses. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

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=?

Neo Valve Company Ltd. Hubli

0E.'ORGED GATE -AL-E(5

4. )he material is used in this type of valve is 43=. 5. )he si@e of the valve starts from 425in#h, 4in#h, 4=mm et#I 6. )his type of valves used in #ompressed ir, Va#uum et#I ?. )his type of valve is identifyin% based on the flo& bore. =. Capa#ity of this valve is 63k% seat E 53 k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

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==

Neo Valve Company Ltd. Hubli

21E.C,LORINE GLO/E -AL-E(5

4. )he material is used in this type of valve is DCV, ((63>, ((64? et#I 5. )he si@e of the valve starts from 425in#h, 4in#h, 53mm et#I 6. )his type of valves used in ;eneral purpose, (ea &ater et#I ?. )his type of valve is identifyin% based on the flo& bore. =. Capa#ity of this valve is 63k% seat E 53 k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

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=>

Neo Valve Company Ltd. Hubli

22E.TWO WA% /ALL -AL-E(5

4. )he material used in this type of valve is ((64>, DCV, C () I,'N et#I 5. )he si@e of the valves starts from 4in#h, 5in#h, 53mm et#I 6. )his type of valves used in Brine, (u%ar Industries et#I ?. )he si@e of the valve is identifyin% based on the ( 4=3 #lasses flo& bore. =. )he #apa#ity of this valve is 53k% seat E 63k% #ell. >. Custom made valves #an be desi%ned and supplied as per #ustomer spe#ifi#ation.

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=1

Neo Valve Company Ltd. Hubli

Sour)"s o Data (
&ri+ary data ( &"rsonal int"r.i"*( I had #olle#ted information about #ompany throu%h dire#t personal intervie& from the dire#tor and &orkers of the #ompany. T!roug! o8s"r.ation +"t!od( throu%h observation I had #olle#ted some information about the neo valve #ompany, throu%h #ustomer observation I had #olle#ted information. S")ondary Data ( T!roug! int"rn"t( throu%h internet I had #olle#ted some information about the neo valve #ompany i.e. the different types of valves this information I had #olle#ted throu%h net. (al"s data= inan)ial data( I had #olle#ted some information throu%h #ompany sales and finan#ial stru#ture of the #ompany. Co++"r)ial and so)ial s"r.i)"( I had #olle#ted #ompany information throu%h the so#ial and #ommer#ial servi#e about the Neo valve Company. /y 8oo< I had #olle#ted the information.

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=C

Neo Valve Company Ltd. Hubli

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=A

Neo Valve Company Ltd. Hubli

/alan)" S!""t and &ro it = Loss A))ount o t!" Co+pany (

&ro it and Loss A:C 2April 53114 to Mar)! 3110

&arti)ular Op"ning Sto)< (to#k 33C@F1.11 Dork in pro%ress &ur)!as" A))ounts /ur#hase 45.=J /ur#hase P ?J DCB Castin% Dir")t E#p"ns"s C E ) P 45.= Cost tools P?J Labor &a%es Ma#hinery ":p Gross &ro it C:O Indir")t E#p"ns"s Bank #omm. 45,=34.5A Books C2 Con ":p 2CF1C2@1.11 Interest on ) L Labor #har%e Mis#ellaneous ":p 5=,636.33 1,?>?.33 >6,53=.=C 5??.33 4,3>4.33 ?,641.33 >,?6=.33 5,653.33 C,64?.3C 4?,133.33 ?=3.33 4,?3?.33 4>,A53.33 44,515.46

A+ount

&arti)ular Sal"s A:C Material (ales P ?J

A+ount

<<<<<<<<<<<<< Closing Sto)< sto#k 30C@0F.2> 44,C6C.33 @2CG4G.@1 &ork in pro%ress 6A,A?A.=3

"le#tri#ity #har%es >,?>>.33 >3C3@1.14 23C@12.30 Gross pro it 8: GDC>DG.@1

Indir")t in)o+"s Hob &ork #har%es re#eived

2C14CF32.G2 >3

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Neo Valve Company Ltd. Hubli Total 2CG3CF@2.30 2CG3CF@2.30 Total

/alan)" S!""t 25AprilC 3114 to >25Mar)!C 3110

Lia8iliti"s Capital A:C /rakashdev , Hiremath 1,>C,133.33 Loans Hlia8iliti"sE (e#ured loans +nse#ured loans 1,=33.33 (BI )erm loan 5,?=,>33.33

A+ount A,=1,C1>.14

Ass"ts 'i#"d Ass"ts Buildin% "le#tr#iation

A+ount

6C,44=.33 4C,==3.33

5=,333.33 4,C6,=33.33 ?,>>,6>6.33

Furniture H/ /rinter Land Ma#hinery

?,6C,=1=.33 Curr"nt Lia8iliti"s ?=,4A3.33 *uties E ta:es (undry #reditors , M Hiremath ( M Hiremath &ro it = loss A:C 'penin% balan#e Current period Less0 transferred 4,3C,>54.14 4,3C,>54.14 8<94,36=.=1 4=,A?5.33 =3,333.33 =3,333.33 Curr"nt Ass"ts Closin% (to#k deposits (undry debtors #ash in hand bank a##ounts )*( =4,1C1.=3 55,=A5.33 6>,44?.?3 4>,A>=.5? =>,?=A.33 4,?AC.33 "Guipments

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Neo Valve Company Ltd. Hubli Total 2GCDGCFDF.2D Total 2GCDGCFDF.2D

&ro it and Loss A:C 2April 53110 to Mar)! 3121 /arti#ular mount /arti#ular mount

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>5

Neo Valve Company Ltd. Hubli Op"ning sto)< &ur)!as" a))ounts /ur#hase P45.=J /ur#hase P ?J Dir")t "#p"ns"s C E ) P 45.= Cost tools P?J "le#tri#ity #har%es Da%es &ro it ):o Indir")t E#p"ns"s Bank #ommission /eriodi#als Carria%e out&ards Convenien#e e:p Interest on ) L Labor #har%e Mis#ellaneous ":p *epre#iation 514.33 113.33 5,?66.33 A13.33 =?,?1>.33 6?,3>4.33 ?>,A63.33 4,C3,3?3.33 N"t Loss 4,61,44C.33 Indir")t In)o+"s Hob &ork #har%es re#eived 4,C?,>31.33 Gross &ro it 8: 5,61=.64 5,5A>.C1 =,C11.34 46,1>=.33 6>,333.33 561=.64 2CD4CG@4.@1 2CD4CG@4.@1 4,=>C.33 6=,3CC.C4 Closing sto)< 4,5?,AA3.=3 @2CG4G.@1 Sal"s A:C Material salesP ?J 56,1>C.33

Total

>C3DC212.3@

Total

>C3DC212.3@

/alan)" S!""t 25AprilC 3110 to >25Mar)!C 3121

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>6

Neo Valve Company Ltd. Hubli Lia8iliti"s Capital A:C /rakashdev , Hiremath Loans Hlia8iliti"sE (e#ured Loans +nse#ured Loans (BI )erm loan Curr"nt Lia8iliti"s *uties E ta:es (undry #reditors , M Hiremath ( M Hiremath &ro it = loss A:C 'penin% balan#e Current period Less0 transferred 8<94,61,44C.A? 8<94,61,44C.A? 8<9 5,5=4.?> 5C,>63.3= =3,333.33 =3,333.33 Curr"nt Ass"ts Closin% (to#k *eposits (undry debtors Cash in hand Bank a##ounts )*( 4,5?,AA3.=3 56,=A5.33 63,A1?.13 6,C=?.4> 56,54C.33 6,3C6.33 5=,333.33 4,C6,=33.33 ?,6>,5>>.33 A+ount C,53,1=1.11 Ass"ts 'i#"d Ass"ts Buildin% "le#tr#iation Furniture H/ /rinter Land Ma#hinery "Guipments A+ount >,A4,C63.33 6?,636.33 4>,>A=.33 >,1=3.33 5,?=,>33.33 6,=3,C>3.33 6>,4=5.33

)otal

4=,A4,A35.6>

)otal

4=,A4,A35.6>

L"arning E#p"ri"n)" (
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Neo Valve Company Ltd. Hubli

)he in plant trainin% has provided me an opportunity to &itness the day to day &orkin%. I have %ot very valuable pra#ti#al e:perien#e of mana%ement aspe#ts of the plant. It utili@es human, finan#ial, ra& material and te#hnolo%i#al resour#es to the fullest e:tent throu%h suffi#ient plannin%, or%ani@in%, leadin% and #ontrollin%. I had the opportunity to learn the duties and responsibility of various departments. In system department ho& ea#h dept is #onne#ted to one another. I %ot the kno&led%e of ho& the pur#hase dept ne%otiates and pro#ures the material the #ompany adopts BC analysis in store department. )he &ork environment is friendly. )he #ompany is an illustration of parti#ipatory mana%ement be#ause the &orkers are also involved in de#ision makin% and its implementation. )hese in turn has %iven boost to individual performan#e. )he rate of #onfli#t is ne%li%ible. )he produ#tion is a #o ordination of %roup effort. )he leadership is #onsiderate to&ards its &orkers. )hey sho& #on#ern for subordinates and attempt to establish a friendly and supportive #limate.

)he in plant trainin% has %iven me a #han#e to &itness a#tual produ#tion pro#ess. )he measures are taken to minimi@e the &asta%e,
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Neo Valve Company Ltd. Hubli

the #ompany tries to redu#e #ost of produ#tion, fo#uses on #ontrollin% pollution and providin% se#urity to its &orker so that there is in#rease manpo&er produ#tivity. ll to%ether it &as a %ood learnin% e:perien#e as &e #ould see the theory &hi#h &e study in #lass is bein% put for pra#ti#al use. )he first fe& days &ere not %ood as &e had to adjust to their &orkin% #onditions. 'n#e &e be#ame familiar there &as a lot of #o operation for them. I have studies the various departments as mentioned in the #ir#ular. (ome information #ould not be %iven by them as it &as #lassified. 'n the &hole it &as a %ood e:perien#e.

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>>

Neo Valve Company Ltd. Hubli

ANNEI$RE(

2. /i8liograp!y (
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Neo Valve Company Ltd. Hubli

&&&.%oo%le.#om &&&.neovalves.#o.in &&&.neovalves.bi@

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>C

Neo Valve Company Ltd. Hubli

3. R" "r"n)"s (
/rin#ipal of Mana%ement M !.* Basava.

>. 'indings (

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>A

Neo Valve Company Ltd. Hubli

*efense sales order of ,s. =3lakh &as not there for the first Guarter of 533A<5343, o the sale has de#reased. #id test ratio is more than one but it does not mean that #ompany has e:#essive liGuidity.

(ales turnover profit is improvin% from 5331<3C to 533A<43, &hi#h means sales is sold better &ay so it is %ood for the #ompany. /rodu#tion #apa#ity is not utili@ed to the full e:tent.

D. R")o++"ndation (
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Neo Valve Company Ltd. Hubli

Net profit is de#reasin% that means there is to make improvements in #reditor$s mana%ement. Company should not rely on lon% term debts.

Company should try to in#rease volume based so as to stand in the #ompetition. Company should stret#h the #redit period %iven by the suppliers.

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14

Neo Valve Company Ltd. Hubli

@. Glossary (
Ne%li%ible0 it means #onsiderin% or &orryin%. LiGuidity0 it is the amount of #ash.

)urnover0 it is a period of time. Lubri#ants0 thin%s happen &ithout any problems.

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15